Assets to be shown in 1st income tax return

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Ravi Dhanraj (Querist)
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10 June 2014 i want to show gold jewwellery of rs 10 lakhs in my 1st return as an assets. can i do so??

Sandeep Dharar (Expert)
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10 June 2014 Ravi Gold & Jewellery's r investment n not Asset. U can show it as investment, but u cant claim depreciation on that.

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Guest (Expert)

10 June 2014 ya u can show but as investments.............

Guest

Guest (Expert)

10 June 2014 ya u can show but as investments.............

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